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Business Segment Information
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
Following the Segment Realignment (see Note 1), the Company’s operations are comprised of the Acceptance segment, the Fintech segment and the Payments segment.
The businesses in the Acceptance segment provide a wide range of products and services to merchants around the world, including point-of-sale merchant acquiring and e-commerce services, mobile payment services, security and fraud protection products, and the Company’s cloud-based Clover POS platform, which includes a marketplace for proprietary and third-party business applications. The products and services in the global Acceptance businesses are distributed through a variety of channels, including through direct sales teams, strategic partnerships with indirect non-bank sales forces, independent software vendors, and bank and non-bank partners in the form of joint venture alliances, revenue sharing alliances and referral
agreements. Many merchants, financial institutions and distribution partners within the Acceptance segment are also customers of the Company’s other segments.
The businesses in the Fintech segment provide financial institutions around the world with the technology solutions they need to run their operations, including an institution’s general ledger and central information files and products and services that enable financial institutions to process customer deposit and loan accounts. As a complement to the core account processing functionality, the businesses in the global Fintech segment also provide digital banking, financial and risk management, cash management, professional services and consulting, item processing and source capture, and other products and services that support numerous types of financial transactions. In addition, some of the businesses in the Fintech segment provide products or services to corporate clients to facilitate the management of financial processes and transactions. Many of the products and services offered in the Fintech segment are integrated with solutions from the Company’s other segments.
The businesses in the Payments segment provide financial institutions and corporate clients around the world with the products and services required to process digital payment transactions. This includes card transactions such as debit, credit and prepaid card processing and services, a range of network services, security and fraud protection products, card production and print services. In addition, the Payments segment businesses offer non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. Clients of the global Payments segment businesses reflect a wide range of industries, including merchants, distribution partners and financial institution customers in the Company’s other segments.
Corporate and Other supports the reportable segments above, and consists of amortization of acquisition-related intangible assets, unallocated corporate expenses and other activities that are not considered when management evaluates segment performance, such as gains on sales of businesses, costs associated with acquisition and divestiture activity, and the Company’s Output Solutions postage reimbursements. Corporate and Other also includes the historical results of the Company’s Investment Services business, of which the Company sold a 60% controlling interest in February 2020 (see Note 4), as well as certain transition services revenue associated with various dispositions.
Operating results for each segment are presented below and include the results of First Data from July 29, 2019, the date of acquisition. Segment results for the three and nine months ended September 30, 2019 have been restated to reflect the Segment Realignment.
(In millions)AcceptanceFintechPaymentsCorporate
and Other		Total
Three Months Ended September 30, 2020
Processing and services revenue$1,256 $684 $1,203 $10 $3,153 
Product revenue198 43 184 208 633 
Total revenue$1,454 $727 $1,387 $218 $3,786 
Operating income (loss)$423 $265 $599 $(745)$542 
Three Months Ended September 30, 2019
Processing and services revenue$867 $692 $1,002 $47 $2,608 
Product revenue145 43 151 181 520 
Total revenue$1,012 $735 $1,153 $228 $3,128 
Operating income (loss)$296 $223 $476 $(621)$374 
Nine Months Ended September 30, 2020
Processing and services revenue$3,495 $2,032 $3,540 $51 $9,118 
Product revenue583 127 553 639 1,902 
Total revenue$4,078 $2,159 $4,093 $690 $11,020 
Operating income (loss)$985 $721 $1,712 $(2,082)$1,336 
Nine Months Ended September 30, 2019
Processing and services revenue$867 $2,054 $2,160 $148 $5,229 
Product revenue145 137 306 325 913 
Total revenue$1,012 $2,191 $2,466 $473 $6,142 
Operating income (loss)$296 $647 $1,038 $(850)$1,131